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New Communist Party of Britain

OVER-PRODUCTION

With the introduction of just-in-time methods, increased computerisation and automation, fewer workers are required to produce the same volume of goods than before the introduction of these methods. For the Nissan plant in Sunderland to build 100,000 small hatchbacks they will require only 400 workers, with another 1,600 elsewhere. With this level of productivity it will take an awful lot of workers to buy the cars being produced. The tendency of increasing productivity, without a corresponding increase in wages or the creation of new jobs elsewhere, is to increase the volatility, frequency and length of repeating periods of over-production and recessions. On occasions these recessions blend into something deeper: a slump and that is where Britain is today.